If Lisa is 17 and 360 days old and makes a contract with RentACenter, what are the

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If Lisa is 17 and 360 days old and makes a contract with RentACenter, what are the ramifications of her actions?

a. Can Lisa make a valid contract? Why or why not?

b. What happens if she contracts, pays, reaches the age of majority and pays?

c. What happens if she contracts, doesn’t pay, reaches the age of majority and doesn’t pay?

d. In what scenario would Lisa have to pay a creditor?

e. What type of incapacity defines a minor’s contractual incapacity?

Related Book For answer-question

Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Posted Date: Mar 25, 2021 12:35 PM

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If Lisa is 17 and 360 days old and makes a contract with RentACenter, what are the

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Expert Answer:

A Lisa cannot make a valid contract because minors lack ca... View the full answer

Business Law Text and Cases

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